JPMorgan Chase & Co. (JPM) Lifted to Hold at DZ Bank

DZ Bank upgraded shares of JPMorgan Chase & Co. (NYSE:JPM) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

A number of other research analysts also recently weighed in on the company. Wells Fargo & Co increased their target price on JPMorgan Chase & Co. from $110.00 to $115.00 and gave the company an outperform rating in a report on Friday, October 27th. Royal Bank of Canada restated a buy rating on shares of JPMorgan Chase & Co. in a report on Friday, December 8th. Barclays raised their price target on JPMorgan Chase & Co. from $105.00 to $132.00 and gave the company an overweight rating in a report on Tuesday, January 2nd. Buckingham Research upgraded JPMorgan Chase & Co. from a neutral rating to a buy rating in a report on Thursday, December 21st. Finally, Credit Suisse Group upgraded JPMorgan Chase & Co. to a buy rating and set a $120.00 price target for the company in a report on Friday, January 5th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $105.81.

JPMorgan Chase & Co. (NYSE JPM) traded down $0.25 during mid-day trading on Wednesday, reaching $113.01. The company’s stock had a trading volume of 18,716,039 shares, compared to its average volume of 14,000,000. JPMorgan Chase & Co. has a 52 week low of $81.64 and a 52 week high of $114.34. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01. The company has a market capitalization of $392,110.00, a P/E ratio of 17.71, a price-to-earnings-growth ratio of 1.94 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The company had revenue of $24.15 billion for the quarter, compared to the consensus estimate of $24.87 billion. During the same quarter in the prior year, the company earned $1.71 earnings per share. JPMorgan Chase & Co.’s revenue was up 3.3% on a year-over-year basis. sell-side analysts anticipate that JPMorgan Chase & Co. will post 8.78 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is 35.11%.

In other news, CEO Mary E. Erdoes sold 65,101 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $112.25, for a total value of $7,307,587.25. Following the completion of the sale, the chief executive officer now directly owns 479,882 shares of the company’s stock, valued at approximately $53,866,754.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ashley Bacon sold 16,434 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total value of $1,844,223.48. Following the sale, the insider now directly owns 98,811 shares of the company’s stock, valued at $11,088,570.42. The disclosure for this sale can be found here. Insiders sold a total of 154,146 shares of company stock valued at $17,312,129 over the last ninety days. Corporate insiders own 0.88% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in JPMorgan Chase & Co. by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after purchasing an additional 3,717,683 shares during the period. Northern Trust Corp lifted its stake in JPMorgan Chase & Co. by 1.8% during the second quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock worth $4,475,468,000 after purchasing an additional 847,463 shares in the last quarter. Capital Research Global Investors lifted its stake in JPMorgan Chase & Co. by 2.5% during the second quarter. Capital Research Global Investors now owns 31,714,763 shares of the financial services provider’s stock worth $2,898,729,000 after purchasing an additional 765,082 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in JPMorgan Chase & Co. by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 28,683,523 shares of the financial services provider’s stock worth $2,621,677,000 after purchasing an additional 176,306 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in JPMorgan Chase & Co. by 1.8% during the third quarter. Legal & General Group Plc now owns 18,083,319 shares of the financial services provider’s stock worth $1,727,118,000 after purchasing an additional 313,968 shares in the last quarter. 73.78% of the stock is owned by hedge funds and other institutional investors.

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About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

Analyst Recommendations for JPMorgan Chase & Co. (NYSE:JPM)

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